Boston Beer (SAM) Operating Expenses (2010 - 2026)
Boston Beer (SAM) recorded quarterly Operating Expenses of $404.4 million in Q1 2026, up 101.51% on a QoQ basis from $200.7 million in Q4 2025, and up 118.03% year-over-year from $185.5 million in Q1 2025.
Boston Beer (SAM) Operating Expenses (2010 - 2026) Analysis & Trends
Boston Beer has disclosed Operating Expenses across 17 years of filings, most recently posting $404.4 million for Q1 2026.
- Quarterly Operating Expenses rose 118.03% year-over-year to $404.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.0 billion (up 23.36% YoY) and the FY2025 annual result came in at $807.7 million, down 1.23% from the prior year.
- Operating Expenses improved to $404.4 million in Q1 2026, from $200.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $404.4 million in Q1 2026 and troughed at $169.6 million in Q2 2023.
- A 5-year average of $209.0 million and a median of $195.8 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses retreated 11.71% — and 2026, when it surged 118.03%.
- Tracing SAM's Operating Expenses over 5 years: stood at $182.3 million in 2022, then dropped by 4.66% to $173.8 million in 2023, then advanced by 24.68% to $216.7 million in 2024, then retreated by 7.39% to $200.7 million in 2025, then jumped by 101.51% to $404.4 million in 2026.
- Business Quant data shows SAM's Operating Expenses at $404.4 million in Q1 2026, $200.7 million in Q4 2025, and $211.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,586.00 Bn | 387.52 Bn | -58.25 Bn |
| 2 | Anheuser-Busch InBev | 143.88 Bn | 131.66 Bn | 8.61 Bn | -4,786.00 |
| 3 | Ambev | 35.18 Bn | 31.41 Bn | 2.42 Bn | -295.42 Mn |
| 4 | Constellation Brands | 26.02 Bn | 25.92 Bn | 951.70 Mn | 420.50 Mn |
| 5 | Mexican Economic Development | 19.03 Bn | 13.06 Bn | - | - |
| 6 | Molson Coors Beverage | 7.85 Bn | 7.59 Bn | 897.20 Mn | 610.00 Mn |
| 7 | Boston Beer | 1.90 Bn | 1.74 Bn | 213.96 Mn | 404.42 Mn |
| 8 | NFiniTi | - | - | - | 73,077.00 |
| 9 | Molson Coors Beverage | - | - | 897.20 Mn | 610.00 Mn |
| 10 | Anheuser-Busch InBev | - | - | 8.61 Bn | -4,786.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 404.42 Mn |
| Dec 27, 2025 | 200.70 Mn |
| Sep 27, 2025 | 211.07 Mn |
| Jun 28, 2025 | 210.45 Mn |
| Mar 29, 2025 | 185.49 Mn |
| Dec 28, 2024 | 216.71 Mn |
| Sep 28, 2024 | 234.41 Mn |
| Jun 29, 2024 | 195.64 Mn |
| Mar 30, 2024 | 170.99 Mn |
| Dec 30, 2023 | 173.82 Mn |
| Sep 30, 2023 | 213.15 Mn |
| Jul 1, 2023 | 195.79 Mn |
| Apr 1, 2023 | 169.61 Mn |
| Dec 31, 2022 | 182.32 Mn |
| Sep 24, 2022 | 219.38 Mn |
| Jun 25, 2022 | 194.39 Mn |
| Mar 26, 2022 | 175.11 Mn |
| Dec 25, 2021 | 172.71 Mn |
| Sep 25, 2021 | 248.47 Mn |
| Jun 26, 2021 | 195.58 Mn |